El Ingeniero
Level 2 Member
So, my wife's stellar performance keeps getting her steady raises at work, about 30% over the last 2.5 years.
My employer seems to understand that they pay near the bottom of the industry range, so I believe I am due for a decent pay increase (although the sons of bitches are going to screw us switching from bimonthly current payment to biweekly payment in arrears, which means my monthly income will be lower 10 out of 12 months, and I will have less pay year to date through the end of 2015).
We're both thinking of jumping to other, better paying jobs.
However, we're already making enough that some of what we can put into our traditional IRAs is not exempt.
I've been increasing the amounts we put into our 401K at our jobs, and this year I started maximizing the contribution to my health savings account (and not tapping it for regular healthcare expenses).
As far as I can tell, we're in that place where the extra taxes we pay means we don't really have more money in our pockets, and increasing contributions into tax deferred accounts isn't helping cash flow.
Are there any strategies we can pursue to pay less in the way of taxes and keep more $$$ in our pockets?
My employer seems to understand that they pay near the bottom of the industry range, so I believe I am due for a decent pay increase (although the sons of bitches are going to screw us switching from bimonthly current payment to biweekly payment in arrears, which means my monthly income will be lower 10 out of 12 months, and I will have less pay year to date through the end of 2015).
We're both thinking of jumping to other, better paying jobs.
However, we're already making enough that some of what we can put into our traditional IRAs is not exempt.
I've been increasing the amounts we put into our 401K at our jobs, and this year I started maximizing the contribution to my health savings account (and not tapping it for regular healthcare expenses).
As far as I can tell, we're in that place where the extra taxes we pay means we don't really have more money in our pockets, and increasing contributions into tax deferred accounts isn't helping cash flow.
Are there any strategies we can pursue to pay less in the way of taxes and keep more $$$ in our pockets?
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